Mastech Holdings (MHH) Reports Q1 EPS of $0.09
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Mastech Holdings, Inc. Reports First Quarter 2015 Results and Comments on its Recent Acquisition Announcement
May 11, 2015 7:30 AM EDTPITTSBURGH, May 11, 2015 /PRNewswire/ --Â Mastech Holdings, Inc. (NYSE MKT: MHH), a national provider of Information Technology staffing services, announced today its financial results for the first quarter ended March 31, 2015 and provided commentary on its recently announced agreement to purchase the U.S. IT staffing business of Hudson Global.
First Quarter 2015 Highlights:
Revenues totaled $27.1 million compared to $28.7 million in the 2014 first quarter; $0.09 diluted earnings per share (excluding severance costs) versus $0.20 per diluted share in the 2014 first quarter;... MoreHudson Global Announces Sale of Netherlands Business and Agreement to Sell Hudson Americas IT Staffing Business
May 11, 2015 7:00 AM EDTNEW YORK, May 11, 2015 (GLOBE NEWSWIRE) -- Hudson Global, Inc. (Nasdaq: HSON), a leading global talent solutions company, made the following announcements.
The company announced that it has completed the sale of its Netherlands business to InterBalance Group B.V. as part of a local management buyout of the business for 8.1 million in cash, subject to a customary post-closing working capital adjustment.
The company also announced that it has entered into a definitive agreement to sell its Americas IT staffing business to Mastech, Inc. The transaction is expected to close during the... More
Mastech Holdings, Inc. to Acquire Hudson Global's U.S. IT Staffing Business
May 11, 2015 7:00 AM EDTPITTSBURGH, May 11, 2015 /PRNewswire/ -- Mastech Holdings, Inc. (NYSE MKT: MHH), a national provider of Information Technology staffing services, announced today that its wholly-owned subsidiary, Mastech, Inc. has entered into a definitive asset purchase agreement to acquire Hudson Global's U.S. IT staffing business. The transaction is subject to customary closing conditions and expected to close in the second quarter of 2015.
The financial terms of the agreement include a $17 million cash purchase price paid at closing,... More
